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CO-FIX

Active
Private limited companyfounded 20242 yrs activeKleine Izegemsestraat 17, 8880 Ledegem, BelgiumKBO/BCE: BE 1010.034.868
Summary

The computed 12-month bankruptcy probability of CO-FIX is 2.0% (moderate). The 2025 annual accounts show equity of €24,676 and a net result of €15,001. Its solvency ranks better than 38% of 1319 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency60▲+2
Growth78
Track record82
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.83 against 1.15 in 2024; short-term debt: 65.2% and cash: 21.3% of total assets), and 65.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
34.8%
Return on assets
21.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
25 d early
2024
29 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CO-FIX was incorporated on 4 June 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€24,676▲ 155%
2024 · €9,676
Total assets
€70,966▲ 146%
2024 · €28,893
Net result
€15,001▲ 58.3%
2024 · €9,476
Working capital
-€7,815
2024 · €2,951
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€12,001-€21,846▲ 82.0%
Net result€9,476-€15,001▲ 58.3%
Equity€9,676-€24,676▲ 155%
Total assets€28,893-€70,966▲ 146%
Debt€19,217-€46,289▲ 141%
Working capital€2,951--€7,815
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2024: €12,001€12,001Net result 2024: €9,476€9,476Operating result 2025: €21,846€21,846Net result 2025: €15,001€15,00120242025€0€10,000€20,000Operating result 2024: €12,001€12,000Net result 2024: €9,476€9,480Operating result 2025: €21,846€21,800Net result 2025: €15,001€15,00020242025
The operating result rises in 2025; 2025 is 82% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,966
Fixed assets €32,491 ▲ 456%
Current assets €38,474 ▲ 73.6%
Equity and liabilities €70,966
Equity €24,676 ▲ 155%
Debt €46,289 ▲ 141%
Debt's share of the balance-sheet total falls from 66.5% to 65.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€28,984▲
2024 · €13,531
Cash flow
€22,139▲
2024 · €11,005
Current ratio
0.83▼
2024 · 1.15
Debt to equity
1.88▼
2024 · 1.99
ROE
60.8%▼
2024 · 97.9%
ROA
21.1%▼
2024 · 32.8%
Interest coverage
12.29▼
2024 · 155.97
Debt ≤ 1 year
€46,289▲
2024 · €19,217
Income taxes
€4,487▲
2024 · €2,439
Staff costs
€0▼
2024 · €395
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€28,893€70,966▲
Formation expenses20€878€0▼
Fixed assets21/28€5,847€32,491▲
Tangible fixed assets22/27€5,847€32,491▲
Plant, machinery and equipment23€3,975€3,434▼
Furniture and vehicles24€1,872€29,057▲
Current assets29/58€22,168€38,474▲
Amounts receivable within one year40/41€11,131€21,378▲
Trade receivables40€11,131€21,356▲
Other amounts receivable41-€21
Cash at bank and in hand54/58€9,347€15,103▲
Deferred charges and accrued income490/1€1,690€1,993▲
Equity and liabilities
Total equity and liabilities10/49€28,893€70,966▲
Equity10/15€9,676€24,676▲
Contributions10/11€200€200=
Reserves13€9,476€24,476▲
Distributable reserves133€9,476€24,476▲
Amounts payable17/49€19,217€46,289▲
Amounts payable within one year42/48€19,217€46,289▲
Trade debts44€2,631€317▼
Suppliers440/4€2,631€317▼
Taxes, remuneration and social security45€6,609€10,352▲
Taxes450/3€6,609€10,352▲
Other amounts payable47/48€9,977€35,620▲
Income statement Code20242025
Remuneration, social security and pensions62€395€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,529€7,138▲
Other operating charges640/8€484€1,140▲
Gross operating margin9900€14,410€30,124▲
Operating profit (loss)9901€12,001€21,846▲
Financial charges65/66B€87€2,358▲
Recurring financial charges65€87€2,358▲
Profit (loss) for the period before taxes9903€11,915€19,488▲
Income taxes67/77€2,439€4,487▲
Profit (loss) for the period9904€9,476€15,001▲
Profit (loss) for the period to be appropriated9905€9,476€15,001▲
Appropriation of the result
Profit (loss) to be appropriated9906€9,476€15,001▲
Transfer to equity691/2€9,476€15,001▲
To other reserves6921€9,476€15,001▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€395€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,529€7,138▲ 367%
Other operating charges640/8€484€1,140▲ 136%
Gross operating margin9900€14,410€30,124▲ 109%
Operating profit (loss)9901€12,001€21,846▲ 82.0%
Financial charges65/66B€87€2,358▲ 2,618%
Recurring financial charges65€87€2,358▲ 2,618%
Profit (loss) for the period before taxes9903€11,915€19,488▲ 63.6%
Income taxes67/77€2,439€4,487▲ 84.0%
Profit (loss) for the period9904€9,476€15,001▲ 58.3%
Profit (loss) for the period to be appropriated9905€9,476€15,001▲ 58.3%
Line20242025Change
Assets
Total assets20/58€28,893€70,966▲ 146%
Formation expenses20€878€0▼ 100%
Fixed assets21/28€5,847€32,491▲ 456%
Tangible fixed assets22/27€5,847€32,491▲ 456%
Plant, machinery and equipment23€3,975€3,434▼ 13.6%
Furniture and vehicles24€1,872€29,057▲ 1,453%
Current assets29/58€22,168€38,474▲ 73.6%
Amounts receivable within one year40/41€11,131€21,378▲ 92.1%
Trade receivables40€11,131€21,356▲ 91.9%
Other amounts receivable41-€21-
Cash at bank and in hand54/58€9,347€15,103▲ 61.6%
Deferred charges and accrued income490/1€1,690€1,993▲ 17.9%
Equity and liabilities
Total equity and liabilities10/49€28,893€70,966▲ 146%
Equity10/15€9,676€24,676▲ 155%
Contributions10/11€200€200=
Reserves13€9,476€24,476▲ 158%
Distributable reserves133€9,476€24,476▲ 158%
Amounts payable17/49€19,217€46,289▲ 141%
Amounts payable within one year42/48€19,217€46,289▲ 141%
Trade debts44€2,631€317▼ 87.9%
Suppliers440/4€2,631€317▼ 87.9%
Taxes, remuneration and social security45€6,609€10,352▲ 56.6%
Taxes450/3€6,609€10,352▲ 56.6%
Other amounts payable47/48€9,977€35,620▲ 257%
Line20242025Change
Profit (loss) for the period9904€9,476€15,001▲ 58.3%
+ Depreciation and write-downs630€1,529€7,138▲ 367%
Operating cash flow (approximation)€11,005€22,139▲ 101%
Investment in fixed assets (approximation)--€33,783-
Change in cash-€5,757-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ledegem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
479 m²
Building footprint
101 m²
Volume, LiDAR
501 m³
Parcel 36018A0075/00D000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CO-FIX
Kleine Izegemsestraat 17, 8880 LedegemManufacture of fabricated metal products, except machinery and equipment
since 20242.360.682.169
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36018A0075/00D000 Flanders 479 m² 1 · 101 m² 7.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2024 · 1 entry · 119 EUR awarded · 119 EUR paid
Year Entries awardedpaid
2024 1 119 EUR119 EUR
Schemes
1 entry · 119 EUR · 119 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 914 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded04-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010034868
Also 9925:BE1010034868
Registered 29-09-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.